Manager of Fraud Risk Strategy, Current
$150-195k
+ Equity in the form of stock options & discretionary performance bonus program
Online banking & financial services
Be an early applicant
Online banking & financial services
201-500 employees
Be an early applicant
$150-195k
+ Equity in the form of stock options & discretionary performance bonus program
201-500 employees
Company mission
To build the future of banking.
Role
Who you are
- This role is for someone who thrives in a fast-paced, collaborative, and data-driven environment
- Fraud leader - Has experience in Fraud Risk in a Consumer Banking/ related domain
- Solid foundation in data sources, tools, and strategies for mitigating Fraud risk
- Exceptional written and oral communication skills. Builds context and tells a cohesive story across multiple complex systems
- Critical thinker - you consider problems from all angles to remove bias and touch bottom on key assumptions
- Results-oriented - you ground contributions in business and customer impact and prioritize effectively to maximize speed-to-impact
- Creative problem-solver - identifies obstacles; investigates and presents viable solutions
- Thrive in a fast-moving environment
- 4+ years of progressive experience in analytics functions, mainly as an individual contributor performing quantitative analysis
- Prior experience in fraud risk risk management is required; Experience in payments risk strategy in consumer banking preferred
- Undergraduate Degree with a quantitative major in Statistics, Economics, Computer Science, Mathematics, or related field
- Strong experience in exploratory and business analysis, experimental design, profitability drivers / unit economics
- Exceptional written and oral communication skills
- Strong thought leader and collaborator
- Able to handle competing priorities and influence leadership decision-making
What the job involves
- We are looking for a Manager to join our Fraud Strategy team with a focus on payments transaction risk
- The key objectives of this role are to minimize fraud losses and operational costs while enabling improved experiences and ensuring compliance
- In this role, you will develop and own fraud strategies across all card and money movement rails, debit and credit disputes processing and merchant chargeback processes
- This is a critical role for the company at a time of rapid scale, and requires a leader with a business owner mentality and exceptional analytical skills
- Develop and own strategy for payments risk capabilities (automated and manual) that will enable growth while minimizing risk, including money-in and money-out transactions, disputes processing, and negative balance management
- Forecast, manage and be accountable for total cost of risk including loss prevention and detection costs and cost of false positives to maximize risk adjusted returns
- Support the overall Payments Team risk roadmap, including exploratory analysis, business case development, experimental design, performance forecasting and monitoring, model monitoring
- Own incident detection and management, including root cause analysis, resolution, and communication to internal and external stakeholders
- Collaborate with Engineering, Product, and Data teams and other internal and external partners to deliver the the payments risk roadmap
- Contribute to a robust risk management culture at Current
- Identify and exploit emerging tools, capabilities, and/or data sources
- Develop and leverage expertise in regulations and external partners / value chains e.g. VISA, Money-Movement Partners, and offshore vendors in order to deliver business results
- Partner with Fraud Operations and Compliance teams to ensure compliance, including procedure management and adherence, regulatory / bank partner exams, and issue resolution
Our take
Current is a neobank offering digital banking services, with a focus on younger generations and paycheck-to-paycheck customers. It offers a swathe of innovative services including on-demand pay and overdraft protection to people underserved by traditional institutions.
Younger customers are expected in the coming years to pivot from legacy institutions to the higher functionality and lower costs of consumer-first neobanks like Current. By netting an average customer age of 27, Current is establishing itself as a pack leader among rival but less well-funded neobanks like Step or Till.
It is also successfully competing with legacy institutions by exploiting the relatively adaptive nature of neobanking. Current has previously offered customers advanced access to stimulus checks, and is seeking to expand into crypto. The company continues to raise funding which supports its continued growth and an accelerated path to profitability.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Apr 2021
$220m
SERIES D
Nov 2020
$131m
SERIES C
Total funding: $392.6m
Company benefits
- Company equity
- Flexible vacation policy
- Commuter benefits
- Discretionary bonus program
- Medical, Dental & Vision
Company HQ
Little Italy, New York, NY
Leadership
Stuart Sopp
(Founder & CEO)Worked as a Trader for BNY Mellon and Deutsche Bank for a combined 9 years before serving as Head of Trading at Citi and Morgan Stanley. Left this role after 5 years to found Current in June 2015, working as CEO ever since.
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